analyzes two significant pieces of bipartisan legislation passed by Congress and signed by President Biden over the past year (2021-2022). These pieces of legislation will significantly impact all aspects of society: the economy, the family, the environment, climate change policies, infrastructure, healthcare, and the overall daily lives of Americans. As we live in an increasingly globalized world, it is crucial to understand what the U.S. is doing to remain economically competitive, create good-paying jobs, and improve its aging infrastructure and technology. Sociology provides important insight into understanding what these two laws mean for the future of the U.S and their impact on the rest of the world. 1. Bipartisan Infrastructure Law (Infrastructure Investment and Jobs Act): This law was signed in November 2021 and provides $1.2 trillion over the next ten years for infrastructure to upgrade and rebuild America’s roads, bridges, and rails, expand access to clean drinking water, ensure every American has access to high-speed internet, tackle climate change, advance environmental justice, and invest in historically marginalized communities. Infrastructure Investment and Jobs Act.pdf 2. Inflation Reduction Act of 2022: This law was signed in August 2022 and is the nation’s biggest-ever climate bill. This bill will lower prescription drugs, health care, and energy costs. It will reduce the deficit over the next ten years by instituting a 15% minimum tax for corporations making $1 billion or more in income, bringing in more than $300 billion in revenue, and imposing a 1% excise tax on stock buybacks. No American making less than $400,000 yearly will pay a penny more in taxes.
directions you need to do! you will post a reply in which you address two parts:
1. List the top three components of each law you like (3 provisions from the Infrastructure Law and three from the Inflation Reduction Act, so six total). Briefly explain why you like these provisions. Why should we invest in them, and what benefits will the country get in return?2. Congress passed these two pieces of legislation with bipartisan support in what feels like an increasingly polarized society. In addition, surveys show that most Americans like these two pieces of legislation. So, what do you think? Please share your thoughts and connect them to some sociological and globalization concepts we’ve learned this semester. Your response should be about 2-3 paragraphs. 3. Your reply must be well-written, have complete sentences, and be grammatically correct. Please proofread your response before you submit it. You are more than welcome to reply to other students, but you are not required to as part of the grade.